Origin

The first factories were far from any urban area, in India and southeast Asia. A factory in the late 16th century was a trading company's foreign base or station. The first use of the word in something like the modern sense came in the early 17th century, but until the Victorian era a building where goods were produced was more usually called a manufactory. The root of factory is Latin facere ‘to make or do’, the source of a great many English words such as fact, factor, feat, and feature (all LME). The sense ‘a place where things are made’ probably came from Latin factorium ‘oil press’.